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FE Petroleum Reserves News

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March 4, 2014
President Requests $711.0 Million for Fossil Energy Programs

President Obama’s FY 2015 budget seeks $711.0 million for the Office of Fossil Energy (FE) to advance technologies related to the reliable, efficient, affordable and environmentally sound use of fossil fuels as well as manage the Strategic Petroleum Reserve and Northeast Home Heating oil Reserve to provide strategic and economic security against disruptions in U.S. oil supplies. The request includes $475.5 million for Fossil Energy Research and Development, $205.0 million for the Strategic Petroleum Reserve, $1.6 million for the Northeast Home Heating Oil Reserve and $19.95 million for the Naval Petroleum Reserves.

September 18, 2013
DOE Awards Management and Operating Contract for DOE’s Strategic Petroleum Reserve

The U.S. Department of Energy announced that Fluor Federal Petroleum Operations, LLC, has been awarded a management and operating contract valued at $1.46 billion to run DOE’s Strategic Petroleum Reserve (SPR) for a period of five years, after which the DOE has an option for an additional five years of performance.

April 10, 2013
President Requests $638.0 Million for Fossil Energy Programs

President Obama’s FY 2014 budget seeks $638.0 million for the Office of Fossil Energy (FE) to advance technologies related to the reliable, efficient, affordable and environmentally sound use of fossil fuels as well as manage the Strategic Petroleum Reserve and Northeast Home Heating Oil Reserve to provide strategic and economic security against disruptions in U.S. oil supplies.

November 9, 2012
Energy Department Provides Additional Emergency Fuel Loan to Department of Defense as Part of Hurricane Sandy and Nor’easter Recovery

As part of the government-wide response and recovery effort for Hurricane Sandy and the Nor’easter, the Energy Department is providing the Department of Defense with additional ultra-low sulfur diesel fuel from the Northeast Home Heating Oil Reserve in response to a request from the State of Connecticut.

November 2, 2012
Energy Department to Loan Emergency Fuel to Department of Defense as Part of Hurricane Sandy Response

Release from Northeast Home Heating Oil Reserve to Provide Additional Source of Diesel for Emergency Response in New York/New Jersey Area

October 4, 2012
FE Teams Earn Secretary of Energy Achievement Awards

Secretary of Energy Steven Chu today honored two Office of Fossil Energy groups - NETL's Coronary Stents Team and SPR's 2011 Drawdown Team - with Secretary of Energy Achievement Awards for exceptional performance in carrying out the Department’s mission.

August 31, 2012
Energy Department Announces Emergency Oil Loan In Response to Hurricane Isaac-Related Request

Energy Department has agreed to lend 1 million barrels of sweet crude oil from the Strategic Petroleum Reserve’s (SPR) Bayou Choctaw site in Louisiana.

September 30, 2011
Additional Storage Contracts Awarded for Northeast Home Heating Oil Reserve

The U.S. Department of Energy has completed the acquisition of commercial storage services for the one million barrel Northeast Home Heating Oil Reserve.

August 26, 2011
DOE Seeks Commercial Storage to Complete Fill of Northeast Home Heating Oil Reserve

The Department of Energy, through its agent DLA Energy, has issued a solicitation seeking commercial storage contracts for the remaining 350,000 barrels of ultra low sulfur distillate needed to complete the fill of the Northeast Home Heating Oil Reserve.

August 18, 2011
DOE Awards Storage Contracts for Northeast Home Heating Oil Reserve

The U.S. Department of Energy today announced that new contracts have been awarded for commercial storage of 650,000 barrels of ultra low sulfur distillate for the Northeast Home Heating Oil Reserve.